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CNBC
Dec 6, 2013 4:00am EST
>>> for now, let us pause and give thanks to the fact that nelson mandela lived, a man who took history in his hands and bent the bar towards justice. >>> south african president nelson mandela died at the age of 95 leaving the country in mourning. >> our nation has lost its greatest -- our people have lost a father. >> elsewhere, the fed's richard bishop blames lawmakers for holding back the recovery ahead of what is expected to be a weaker payroll number in the u.s. economy. >>> germany's central bank raises its 2014 growth target for europe's largest economy as evidence shows demand from within the eurozone is finally picking up. >>> deutsche bank is to close its commodity business mainly in london and new york. display you're watching "worldwide exchange," bringing you business news from around the globe. >> a former south african president nelson mandela passed away last night at the age of 95. world leaders have been sending message messages of mourning for the leader. >> he is now resting. he is now at peace. our nation has lost its greatest son our people have lost a fat
CNBC
Dec 5, 2013 7:00pm EST
evening, legendary south african leader nelson mandela has died at the age of 95. we have a team of cnbc reporters and experts joining us this evening. my pal and colleague tyler matheson, hampton pierceson, john harwood are with us but i want to begin with chris bishop, live outside mandela's home. you see the scene. people gathering to celebrate his life. chris, can you describe what's going on and what is the feeling, what is the basic sense there? >> reporter: well, what's happening at the moment, the police have actually, there are so many people around, the police have closed off the roads around nelson mandela's home in johannesburg where he passed away this evening. but there are people there, there are people with flags, people are crying, people are coming to sing and a bit further away at nelson mandela's former home in soweto, where he lived when he was a young lawyer in the 1950s and early 1960s, when he went on the ground, there were people gathering there, singing songs, celebrating his life. some people are crying and some people are consoling each other. it really i
CNBC
Dec 5, 2013 5:00pm EST
president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack obama first black president of the united states. >> there is no question about that. the fact that president obama's father was from kenya, he fe
CNBC
Dec 10, 2013 4:00am EST
mandela. we'll be bringing you coverage of the service. and the headlines today, five years after the financial crisis, u.s. regulators are set today to approve the so-called volcker rule. reigning in financial risk taking by wall street banks. >>> european finance minister are close to a deal that would allow them to wind down failing banks, pave the way for the creation of an eu banking union. >>> praising greek reforms as the finance minister tells cnbc the country will regain market access as early as next year. >> as we often perform the target for this year, the same will happen next year. i think now we have proven our goal. >>> and the era of on government motors draws to a close. the u.s. government sells its remaining stake in gm four years after the automaker's bailout. >> announcer: you're watching "worldwide exchange," bringing you business new from around the globe. >>> welcome to today's program. we will bring you shots and pictures from nelson mandela's memorial service throughout the program today. we are just over an hour into the european session. equities are a lit
CNBC
Dec 6, 2013 6:00am EST
minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppression. international businesses boycotted south africa until the government finally relented and released mandela in 1990. the famous prisoner instantly became a superstar who energized the people and beca
CNBC
Dec 5, 2013 3:00pm EST
do have some breaking news on nelson mandela. i want to bring to you right now if we can. >> kelly, thank you very much. this a special breaking news. one of the great men of the 20th century, nelson mandela, one of the most inspiring people in the world, has died. after a long illness, it is just now being announced on south african television, that nelson mandela, a man who served decades in prison for his crusade for human rights and dignity in his home country, has died. he was 93 years old, if i'm doing my math correctly there. he's 95 years old. excuse me. 95 years old. he had 17 grandchildren and 14 great-grandchildren. a man that really led the way for human justice and rights in his nation. we'll bring you more details on the passing of nelson mandela very, very shortly. and we'll have news, i'm sure, from washington, from the president and the white house in mourning over the death of nelson mandela. kelly, back to you. >> tyler math senn, thank you very much. i believe john harwood is standing by in washington. john harwood with more detames. potentially, any reaction at
CNBC
Dec 6, 2013 7:00pm EST
nelson mandela are still in the planning statemeges. we'll have a report just ahead. please stay with us. [ female announcer ] thanks for financing my first car. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ >>> south africa is now preparing for a massive influx of world leaders and celebrities as its plans for nelson mandela's memorial services. nbc's richard engel is in south africa with much more. good evening, richard. >> larry, there's now a wall of flowers and tributes and letters in front of the home where mandela died about 24 hours ago. today, mostly we saw celebrations here. some people did come out to mourn, but mostly they were singing and dancing and reading poetry. after all, mandela died at the age of 95. he was surrounded by family. people sailed they owed a debt of gratitude to
CNBC
Dec 6, 2013 9:00am EST
lot of equipment, they may use hewlett packard. >> and in the news, nelson mandela passed away at the age of 95 after a long illness. the president among those paying tribute to mandela yesterday. >> let us pause and give thanks to the fact that nelson mandela lived and a man who took history in his hands and bent of arc of history toward justice. >> i never got to meet him. i got to spend a weekend with bishop tutu, who is very prominently involved with this and he explained to me there should have been a revolution, there should have been a terrible bloodshed, just absolutely what we regard to be the greatest conflagration. didn't happen. they did a truth and reconciliation. that was designed to make it to say, listen, the whites did bad but we're moving forward. it's funny, you don't really understand. if it didn't happen, if there wasn't a civil war -- he prevented a civil war. martin luther king may have prevented a civil war in our country. you go back to the days when that happened, you cannot believe there were not huge riots. people were talking about concentration camps.
CNBC
Dec 10, 2013 6:00am EST
mandela memorial. nearly 100,000 mourners are expected to flood the stadium. president obama is among those speaking at the service. we'll bring you updates throughout the morning. >>> meantime, on wall street, a number of speeches in recent days from policymakers before officials go into their blackout period before next week's two-die fomc meeting. that has been what the market has been digesting. yesterday, jim bullard said positive trends in the labor market make cuts to the fed's $85 billion bond buying program more likely. that is huge news because, remember, when bullard came on with us not too long ago, you talked about the how the fed could be doing this for a long period of time and he'd feel comfortable with that because we haven't seen inflation. because investors have spent so much time tapering, investors are interested in bond yield. if you've been watching the ten-year, right now the yield is at 2.827%. also, october wholesale trade and the labor department's latest job openings and latest turnover survey that a lot of economists watch closely. futures at this hour are
CNBC
Dec 5, 2013 6:00pm EST
, legendary south african leader nelson mandela has died at the age of 95. we have a
CNBC
Dec 10, 2013 9:00am EST
, their staff has been meeting. a lot of members have gone to south africa for the mandela funeral as president obama and president bush did. you have the snow day in washington where because of that relatively modest snowstorm by the standards of many people in the midwest and other parts that get a lot of snow, it nevertheless shut down the federal government. talks are going on. we're in a last-minute posturing phase where republicans are saying you've got to have this amount of deficit reduction in order for us to agree to the deal and democrats are saying, including people like steny hoyer saying you can't take as much out of retirement as you're going to take. i do think it will get done. they had originally planned to announce the deal today and vote on it on thursday. i think that time frame could slip a little bit, at least on the announcement part. we'll see whether they can get it done by the end of the week and go home and tell their constituents they actually did something positive. >> john, keep us posted. thanks very much. >> shares of liululemon trading higher after ch
CNBC
Dec 6, 2013 3:00pm EST
. >> and we're up 190 points. we're back above 16,000 at that point. >> god be with you, nelson mandela. >> what an amazing life. thanks very much. see you later. we'll come back with the closing countdown for this friday. and after the bell, look up in the sky. it's a bird, a plane. no, it's actually something better. it's a pizza. forget amazon's drones delivering books. there's pizza from domino's coming through the air. the ceo of domino's will join us and tell us if more drones like this, tested in europe, by the way, are in his company's future here in the u.s. or was this just a publicity stunt. you decide. we'll have that coming up in just a little bit. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. losing thrusters. i need more power. give me more power! [ mainframe
Search Results 0 to 11 of about 12